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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

kitmenkin@leasingnews.org
   

 



Monday, June 9, 2014



Today's Equipment Leasing Headlines

  Pictures from the Past—1988
Four Famous Golfers at WAEL Conference, Scottsdale, Arizona
      Classified Ads---Collections
Another Royal Links Case—This Time the Lessor Wins
  By Tom McCurnin, Leasing News Legal News Editor 
Leasing 102 by Mr. Terry Winders, CLP
   Fees in Leasing
Purchase, Renewal, Return ("PRR") Clauses
    by Christopher Menkin
“Contact Information on My Resume—Do’s and Don’ts”
    Career Crossroad---By Emily Fitzpatrick/RII
         Leasing Industry Help Wanted Ads
            Google Browser Grows, Microsoft Explorer Fading
                     Leasing News Icon for Android Mobile Device
   Top Stories June 2--June 6
    (You May Have Missed One)
Jeff Rudin’s Son on Drums— Great Video and Song
   Labrador Retriever Mix
    Sun Valley, California  Adopt-a-Dog
   Peter S. Hemar, Esq. Joins Leasing Attorney Group
Attorneys/Law Firms who specialize in the equipment leasing industry
  Open Positions at Leasing Funders/Various Locations
News Briefs--- 
Blue Bridge Financial plans move to Electric Tower
 2014 Railway Age Guide to Equipment Leasing
  Critics target $58M state deal for Amtrak cars, Should Have Leased them
   World Bank Says China’s Growth Is on Track
    Uber snags $1.2 billion in new funding; seen valued at $18 billion

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org

  You May have Missed---
   SparkPeople--Live Healthier and Longer
  Poem
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
         SuDoku
           Daily Puzzle
             GasBuddy
               Weather, USA or specific area
                 Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.



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Pictures from the Past—1988
Four Famous Golfers at WAEL Conference, Scottsdale, Arizona

Left-to-Right: Steve Reid, now Financial Pacific Leasing-Commercial, Anaheim, California; (Unknown golfer, if you know, please email); Well-Known Attorney Andy Alper, Shareholder at Frandzel Robins Bloom & Csato, L.C., Los Angeles; leasing industry leader Steve Geller, now Leasing Solutions, Palisades, New York. Scottsdale, Arizona, Western Association of Equipment Lessors  (Now National Equipment Finance Association).

TODAY


Steve Reid

 


Any Alper

 


Steve Geller

(If you have a photograph of “Picture from the Past,” please email
kitmenkin@leasingnews.org

 

Bookmark us



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Classified Ads---Collections

(These ads are “free” to those seeking employment or looking
to improve their position)


Long Grove, Illinois

Financial services professional with a proven track record of positively impacting corporate finances through effective management of cash flow, collections and financial assets. Strategic thinker capable of analyzing financial issues and processes in order to implement changes that improve efficiency and profit margins. Well-versed in all aspects of corporate financial affairs. roborgaard@aol.com | Resume

 

Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

 

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Another Royal Links Case—This Time the Lessor Wins
By Tom McCurnin  
Leasing News Legal News Editor 

Ohio Court of Appeals Rules That Golf Course Had No Reason to Believe That Royal Links’ Employee Was an Agent of Equipment Lessor

Dollar Bank Leasing Co. v. Elms Country Club, 2013 WL 3477224 (Ohio App. 2013)

I thought most of the Royal Links cases had flushed through the system but then I ran across this in my Inbox this week.  This one had a happy ending.  I’m not sure why, as the same arguments were made by Ohio counsel as everyone, including me, that handled a Royal Links case, but this one turned out differently.  I can’t explain why. 

Royal Links was a scam.  It made a little cart, worth a few thousand dollars that was towed behind a golf cart, which contained snacks and beverages.  It sold for $20,000.  It was sold to golf courses, with the promise by unscrupulous salesmen that Royal Links would place advertising on the carts which would pay for the exorbitant cost.  The Royal Links salesmen would handle all the paperwork, collect the signatures, and then fax the contracts into funding sources. 

Leasing companies lined up like lemmings to buy these contracts. 

Typically, it took a few months, perhaps as long as a year, for the golf course to realize that Royal Links was not providing enough advertising income to offset the lease payment.  So, some golf courses sued, many got sued, and a class action was started which went nowhere. 

Today’s case has the same fact pattern.  Most of the cases were a disaster for leasing companies because it was crystal clear that the equipment was simply not worth anywhere near the purchase price of $20,000.  In addition, many of the leasing companies knew about the advertising income promises to the lessees.  Because the cases were typically quite small (1-2 carts per golf club), prosecuting the cases became costly.  Many lessees bound together in a chat room, exchanging successes and settlement terms and advocating suing the lessor in faraway small counties in front of local judges, who were more receptive to the claims and less sympathetic to large leasing companies.

Here, Elm Golf Course claimed that Royal Links was the agent of the Lessor, Dollar Bank.  However, the Court of Appeals found that the lease did not support the claim of agency, because the lease contained the following language:

“Lessee [Elms] acknowledges that Lessee [Elms] has selected the Equipment without the advice or assistance of Lessor [Dollar Bank] and that Lessor [Dollar Bank] has made no representations or warranties of any kind or nature, directly or indirectly, express or implied, in connection with the Equipment, its durability, quality, condition, or suitability for Lessee's [Elms] purposes.”
“No representations or warranties made by the Vendor [Royal Links] or others with respect to the Equipment shall be binding on Lessor [Dollar Bank], nor shall any breach thereof relieve Lessee [Elms] from any of Lessee's [Elms] obligations here under.”

Thus, based on these terms, the Court held that the Lessor Dollar Bank was not responsible for any alleged misrepresentation of the value of the Equipment by Royal Links, nor can any alleged false or fraudulent representations made by Royal Links be imputed to Dollar Bank.

I guess the Lessor just got lucky.  I love happy endings. 

Royal Links Case http://www.leasingnews.org/PDF/RoyalLinksCase_692014.pdf

Previous Royal Links column
Iowa Court Rules “Agency” and “Fraud” Question of Fact
While Upholding “Hell or High Water” Clause
http://leasingnews.org/archives/Nov2012/11_21.htm#iowa

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com

Previous Tom McCurnin Articles:
www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html 

 


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Leasing 102
by Mr. Terry Winders, CLP

Fees in Leasing

In competing with another company, it may be more than rate that will win the deal. Quarterly interim rent, Evergreen clauses, Wintergreen Clauses, Purchase, Renewal, Return ("PRR") clauses, many hidden fees in the contract, and the residual not spelled out, may be the reasons the lease payment is lower than your quote.

One of the real increases in the lease yield comes from fees. To begin, there is the “documentation fee.” Usually this fee is not identified in the proposal, but just appears in the closing documents. If it is a large lease or a master lease, this documentation fee is usually presented.  If it is reasonable, there should be no problem, but if it is high, then it needs to be identified prior to the lease signing and spelled out; not hidden.

In the small ticket market place, there have been leasing companies who split the fee with the salesmen.  There are those that had contests weekly to see which salesman could collect the highest documentation fee. The price, the entire fee, plus recognition and perhaps even a free dinner or good bottle of wine.

During the course of the growth of leasing, there have been other fees, such as UCC fee, inspection fee, and miscellaneous fees for special equipment or vehicles.  Often these fees match the bank’s charge for fees, or are inflated for additional profit.

One of the most important fees is a “commitment fee.” Usually it is part of the proposal that states when the proposal is signed, a fee is charged prior to the start of credit investigation, equipment studies, and documentation preparation. Usually these costs are spelled out. Most often they are lumped together. 

It has been the practice in the past to use these fees as part of
the first and last advance payments, if the lessee goes through with the lease. If the lessee changes the decision and leases from someone else, the fee, is retained to offset the cost of preparing the lease.
 
We also have fees for credit investigation, equipment evaluation, and closing costs. Most of these fees are charged up front and are included in the second invoice or perhaps the first invoice if the amounts are known. Some lessors prefer to include these fees in the second invoice because the signer sees the first invoice, but the second invoice usually is only seen by the accounting department.  Or the point is the lease has been signed or decided upon, so often the lessee will not object that the fees were not covered in the original proposal.

During the lease term, we may have an inspection fee to cover the costs of visiting the equipment to make sure the lessee is maintaining the equipment, and it remains in the original location. A second inspection fee may be charged for verifying the new location.

An insurance fee is also charged should the lessee not provide insurance, or an insurance cancellation notice be received. Often there is a commission from the insurance company; some companies form their own insurance “syndicate.”  Some are located in the Bahama’s and other islands for tax purposes.

In older practices, and perhaps still available, life and disability insurance is required, and offered by the leasing company. There are inherent fees here.

To make sure the equipment is returned in proper condition, a return fee is included in the return section that may be assessed to pay for an industry expert to examine the returned equipment. This fee is subject to be assessed on equipment that needs a close inspection to determine its true condition. Equipment that does not need an inspection, the fee is not charged.

Some companies have a fee in the lease contract at the end of the lease payment for administrating the residual or end of lease (even if a $1.00).

Some companies have a return fee at the end of the lease; common
in the copier industry.

Most often, these contract fees are not noticed by the signer, even in
the large leases.

Fees can increase our yield, but it they are too aggressive, they will cause problems with the lessee, especially at the end, where once burned, they will not repeat business with you.

Fair fees for good purposes are acceptable, but if they are overdone,
you stand the chance of not getting the customer to repeat business
with you.

Lais-sez-faire.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at terrywinders11@yahoo.com  or  502-649-0448

He invites your questions and queries.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm 

 

Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.

502.649.0448/terrywinders11@yahoo.com

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)


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Purchase, Renewal, Return ("PRR") Clauses
by Christopher Menkin

"PRR" clauses are in the category of "Evergreen Clauses" and "Wintergreen Clauses," where the lessee must notify the lessor of its intention, often 90 days in advance, regarding its intent toward the residual. Its abuse, when the lessee fails in notify the lessor, has resulted continuing automatic payments, ACH, until the lessee realizes what is happening.  Worse is the Purchase, Renewal, Return clause ("PPR"). It basically is an automatic 12 month extension of the lease contract when there is not resolution or 90 day notification. The wording makes it a merry-go-round.   In the case of Republic Bank, Bountiful, Utah, before they started winding down, they would not only discount the stream of
payments but the 12 month "PPR" to the lessor.  One of their favorites was Mazuma Capital, Draper, Utah; who “merged” with Onset Financial, South Jordan, Utah, January, 2014 (1).

In the "Evergreen Section, "Leasing News identifies Marquette Equipment Finance, Midvale, Utah, Mazuma Capital Corp, Draper, Utah, Onset Financial, South Jordan, Utah, Pacific Western Equipment Finance, Cottonwood Heights, Utah, Tetra Finance Group, Salt Lake City, Utah 9 (2).  The evidence is from court cases as well as current leasing contracts that contain the provision.

A typical example comes from a court case involving Onset Financial:

“(Section 20:
n. Lessee's Options at Maturity of Base Period. At the maturity of the Base Period of any Lease, Lessee shall, provided at least one hundred fifty (150) days prior written notice is received by Lessor from Lessee via certified mail, do one of the following: (1) purchase the Property for a price to be determined by Lessor end Lessee, (2) renew the Lease for twelve (12) additional months at the rate specified on the respective Schedule, or (3) terminate the Schedule and return the Properly to Lessor at Lessee's expense to a destination within the continental United States specified by Lessor; provided, however, that for option (3) to apply, all accrued but unpaid late charges, interest, taxes, penalties, and any and all other sums due and owing under the Schedule must first be paid in full, the provisions of Sections 8f, 8g and 7d hereof must be specifically complied with, and Lessee must enter into a new Schedule with Lessor to lease Property which replaces the Property listed on the old Schedule. With respect to options (1) and (3), each party shall have the right in its absolute and sole discretion to accept or reject any terms of purchase or of any new Schedule, as applicable. In the event Lessor end Lessee have not agreed to either option (1) or (3) by the maturity of the Base Period, or if Lessee fails to give written notice of Its option via certified mail at least one hundred fifty (150) days prior to the maturity of the Base Period, or if an Event of Default has occurred under any Lease, then option (2) shall apply at the maturity of the Base Period. At the maturity of the renewal period provided for In option (2) above, the Lease shall continue in effect at the rate specified in the respective Schedule for successive periods of six (6) months each subject to termination at the maturity of any such successive six-month renewal period by either Lessor or Lessee giving to the other party at best thirty (30) days prior written notice of termination." (3)

 

  1. Mazuma-Onset Mergerhttp://leasingnews.org/archives/Jan2014/1_13.htm#merge
  2. Evergreen Clauses
    http://www.leasingnews.org/Pages/lease_expiration_evergreen.html
  3. Onset Contract
    http://leasingnews.org/PDF/OnsetContract.pdf 

 

((Please click on ad to learn more))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)



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Leasing Industry Help Wanted


For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees. 

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“Contact Information on My Resume—Do’s and Don'ts”
Career Crossroad---By Emily Fitzpatrick/RII

 

Question: How should my contact information be laid out on my resume

Answer: First, as I noted in my column on “Job Boards,” do not put your
home address on a resume, and think about your telephone, too,
if your resume is going to appear on line. Using Google, your
home telephone number will bring up your address, map, and even
photo of where you live. I recommend only putting down your
mobile device number.

Once on the internet, your address and phone number may be copied to other groups, and be available for anyone to discover or find.
When listing your phone number, be consistent (xxx) xxx-xxxx on all your correspondence (resume, cover letter, thank you notes).  For resumes directed to employers outside the U.S., be sure to include the correct international prefixes in all phone numbers so you can be reached easily.
You will want to include:

Name 
Full Name
Email 

  • Private email, but be aware many emails wind up in spam / bulk / trash folders.
  • Make sure your address is “professional” create another one if necessary. If this is going to be sent via the internet, I would just use city and state, and not street address. Nothing is private on the internet.
    • Avoid using underlines or spaces between words

LinkedIn Profile
Optional

Street
Spell out all street names, e.g. Boulevard rather than Blvd.

City, State (postal abbreviation) Zip

Phone 1

Phone 2
·        Do not use work numbers
·        Provide your cell phone as well as your home number, if the resume is not going on the internet or sent via the internet.

Example

Emily Fitzpatrick
Address
Pembroke Pines, FL  33025
(954) 885-9241 • (954) 612-0567
emily@riirecruit.com

 

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html


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Google Browser Grows, Microsoft Explorer Fading

According to businessinsider.com, "Back in the prehistoric era — 2008 — Microsoft's Internet Explorer browser roamed the web like a diplodocus, eating everything in its path. As many as 90% of users saw the internet via Explorer."  Netscape was the leader, originally selling its software, but then Explorer came along, free in a Microsoft upgrade.

"Today, Explorer can't even command a simple majority of users," businessinsider.com notes. "Google's Chrome browser is now the most popular web viewer, with 31.8% of the market. On mobile devices, probably the most important arena for browsers right now due to its growth, Explorer barely exists: only 1.8% of users see the mobile web via Explorer.

"Explorer appears to be trapped on desktop, where it still holds a plurality, 43.3% to Chrome's 30.6%."

Full Story:
http://www.cmo.com/articles/2014/6/2/adi_2014_browser_war.html

 

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Leasing News Icon for Andorid Mobile Device


As an icon works on a computer, this one connects to www.leasingnews.com, which is designed for a portrait reading, versus a landscape (but can be read either way).

Open www.leasingnews.org in the mobile devicde, then click the link to download the icon. Your mobile device has a download section, as your computer does, find the .apk file and open it. It will be placed with all icons and you can drag it to your face or page you want on your mobile device.

You can also copy and email it to your email program on your mobile device, and download direct (you can also ask us to email to you, which you can download).

ICON Link

 

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Top Stories June 2--June 6
(You May Have Missed One)

Here are the top stories opened the most by readers:

(1) Great News
   ---Richard Wilson Scheduled for Surgery
http://leasingnews.org/archives/Jun2014/6_04.htm#news

(2)  Update:
My Husband Richard and the Veterans Administration
http://leasingnews.org/archives/Jun2014/6_02.htm#update

(3) “Evergreen Clause”—The Danger of Automatic Renewal
http://leasingnews.org/archives/Jun2014/6_06.htm#evergreen

(4) Platinum Financial, Orange, California
Bulletin Board Complaint: $3,982.80
http://leasingnews.org/archives/Jun2014/6_04.htm#plantinum

(Tie) (5) Lessor’s Confusion Perfecting Security Interest in Motor Vehicle Results in Lessor Being Deemed Unsecured By Tom McCurnin, Leasing News Legal News Editor
http://leasingnews.org/archives/Jun2014/6_04.htm#confusion

(Tie) (5) Healthcare Partners Group Leasing Head Gets 4 Year Sentence
http://leasingnews.org/archives/Jun2014/6_02.htm#healthcare

(7) New Hires—Promotions
http://leasingnews.org/archives/Jun2014/6_06.htm#hires

(8) Leasing 102 by Mr. Terry Winders, CLP
"Files"
http://leasingnews.org/archives/Jun2014/6_02.htm#files

(9) 1-4 Family Home Loans Take 154 Year Old Bank Down
Baltimore/Bel Air, Maryland
http://leasingnews.org/archives/Jun2014/6_02.htm#bank_beat

(10) Leasing News Icon for Android Mobile Device
http://leasingnews.org/archives/Jun2014/6_06.htm#icon

(Tie) (11) Court Holds that Indian Tribe May Conduct Business
as Pay Day Lender in California Without Securing Lender’s License
By Tom McCurnin, Leasing News Legal News Editor
http://leasingnews.org/archives/Jun2014/6_02.htm#indian

(Tie) (11) Element Financial Growing by Leaps and Bounds
To Raise $1,250,052,500 for Purchase of PHH Arval
http://leasingnews.org/archives/Jun2014/6_04.htm#element

(Tie) (11) One-Third of 18-34 year Olds Live with Their Parents
by Sam Ro, BusinessInsider.com
http://leasingnews.org/archives/Jun2014/6_04.htm#chart

 

 

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Jeff Rudin’s Son on Drums—Great Video and Song


“Below is a link of a video my son Aaron, is in on drums, and it’s currently playing on MTVU. He’s on drums, and if you watch closely, he may turn to color from black & white.”

Jeff Rudin
Quail Capital Corp
JeffR@quailcap.com

Get More: www.mtvu.com

 

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Labrador Retriever Mix
Sun Valley, California  Adopt-a-Dog




Bonnie
Female
2-5 year old
House trained
Spayed
Shots Current

Open house to the public is held each weekend at Pet Rescue 8906 Norris Ave. Sun Valley 91352.

You can email:
petrescue_1@msn.com

Our Rescue is operated by volunteers, please be patient with us. Pet Rescue takes every step possible to be sure that a dog is a good match for you and your home, and that you are also a good match for a dog. The adoption process consists of a screening and adoption fee. This fee covers spay/neuter, vaccinations and helps to cover past medical care and costs incurred such as boarding and food

Pet Rescue Association
8906 Norris Avenue
Sun Valley, CA 91352

Contact form:
https://www.petfinder.com/petdetail/24849174/


Adopt a Pet
http://www.adoptapet.com/

 

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Peter S. Hemar, Esq. Joins Leasing Attorney Group


Attorneys/Law Firms who specialize in the equipment leasing industry

Birmingham, Alabama
The lawyers of Marks & Associates, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel. 
Email: Barry@leaselawyer.com
Website: www.leaselawyers.com
California, National: city: Riverside 
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker. 
Email: leaselaw@msn.com

Kenneth C. Greene




California & Nevada
Leasing and Financial consultant, active in several leasing
associations, as well as involved in music and film productioncin LA.  Mention "Leasing News" for a free consultation.
818.575.9095
Skype: 424.235.1658
ken@kengreenelaw.com
Connecticut, Southern New England: 
EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates. 
email: rcfeldman@snet.net  
Los Angeles/Santa Monica 
Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish. 
Tel: 310-829-1948 
email: phemar@hemar.com
 
Los Angeles, Southern CA 
Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605or email: vvf@pacbell.net.

Encino, California: Statewide “ELFA” 
Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigationdebt collection, and bankruptcy.
Call Stephen E. Jenkins Esq (818) 501-3800

Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. email:RGarwacki@prodigy.net 

Los Angeles, Statewide: CA      "ELFA"
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com   


Los Angeles- Statewide, CA
Lawyer specializing in banking and leasing issues statewide. Documents and litigation. 
Tom McCurnin, Barton, Klugman & Oetting. Voice: (213) 617-6129 
Cell:(213) 268-8291
Email: 
tmccurnin@bkolaw.com
California & National
Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services. (562) 426-1000.
www.paulbentlaw.com

Illinois
Trabaris, P.C.: Finance attorney with 24 years’ experience with transactional, documentation, secured financing and workouts/restructurings.  Kevin Trabaris.  Phone:  847-205-4377.  Email:kevin@trabaris.com
Website: www.trabaris.com.   Blog:trabaris.com/info/blog/

Law Firm - Service, Dallas, TX. "ELFA"
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance. 
email: dmayer@pattonboggs.com
Website: 
www.pattonboggs.com
Massachusetts (collection/litigation coast to coast) 
Modern Law Group focuses its practice on collections, lease enforcement and asset recovery. For the past five years, our attorneys have helped clients recover millions of dollars. We are able to cover your needs coast to coast.
Email
 phone 617-855-9085www.modernlawgroup.com

Michael J. Witt, experienced bank, finance, and leasing attorney, also conducts Portfolio Audits. Previously he was Managing Counsel, Wells Fargo & Co. (May, 2003 – September, 2008); Senior Vice President & General Counsel, Advanta Business Services (May, 1988 – June, 1997) Tel: (515) 223-2352 Cell: (515) 868-1067
E-mail: witt-legal@outlook.com 
Web: www.witt-legal.com

National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection, 
billable litigation (704-969-3280)
tong_92@yahoo.com

National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA). 
email: Jcoston@costonlaw.com
Website:www.costonlaw.com

St. Louis County , MO. - statewide: 
Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates. 
Ronald J. Eisenberg, Esq.
(636) 537-4645 x108 
reisenberg@sl-lawyers.com
www.sl-lawyers.com
NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PAsscuteri@capehart.com / www.capehart.com
New York and New Jersey
Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years experience.www.peretore.com

Thousand Oaks, California: 
Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation.
Nick Iezza 805-777-1175
niezza@spiwakandiezza.com

 

 

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Open Positions at Leasing Funders/Various Locations

You will find many jobs open in various leasing companies. Most are at the main office or a branch. The larger companies change listings and readers should click to them, as they change weekly, if not daily.

Leasing News invites other employers to list their "open positions." 
The listing is free.

Advantage Funding
http://www.advantagefund.com/employment.htm

AIG
http://www.aigcorporate.com/addresources/globalcareers.html

Altec
https://careers.altec.com/psc/P90HALT_APP/APPLICANT
/HRMS/c/HRS_HRAM.HRS_CE.GBL?nocrumbs=yes&

Alter Moneta
http://www.altermoneta.com/careers/opportunities.html

Atlas Copco
http://www.atlascopco.com/us/careers/openjobs/

Ascentium Capital
http://ascentiumcapital.atsondemand.com/

Balboa Capital
http://www.balboacapital.com/about_us/careers.aspx

Bank of America
http://careers.bankofamerica.com/overview/overview.asp

Bank of Ozarks
https://bankozarks.applicantharbor.com/jobmainlist.php?a=m

Bank of the West
https://www.bankofthewest.com/about-us/careers/job-search.html
(type in state, and keyword leasing or category)

Channel Partners
http://www.channelpartners.com/careersearch.html

CIT Job Openings
http://sj.tbe.taleo.net/SJ1/ats/careers/

CSI Leasing
http://www.csileasing.com/ViewJobPostings.aspx

Data Sales
http://www.datasales.com/open_jobs.html

De Lage Landen Financial
https://tbe.taleo.net/NA4/ats/careers/jobSearch.jsp

Direct Capital
http://tbe.taleo.net/NA2/ats/careers/jobSearch.jsp

Farm Credit
http://www.farmcreditnetwork.com/careers/opportunities

Financial Pacific
http://www.finpac.com/careers.aspx

Fifth-Third Bank
https://cvg53.cvgs.net/Main/careerportal/JobAgent.cfm

First Pacific Funding
http://www.firstpacificfunding.com/reps/ 

GE Capital
www.ge.com/careers

GreatAmerica Leasing
http://jobs.greatamerica.com/

Home Savings Bank
http://www.home-savings-bank.com/careers.php

Huntington Bank
https://www.huntington.com/us/HNB3400.htm

Key Bank
Click here

Macrolease
http://leasingnews.org/hwanted_macrolease3.html

Marlin Business Services
https://www.marlinfinance.com/career-postings.asp

Madi$on Capital
http://www.madisoncapital.com/employment.

Meridian Bank
https://www.meridianbank.com/careers.html

Microfinancial/Timepayment
http://www.hirebridge.com/jobseeker2/Searchjobresults.asp?cid=5224

Northern California Farm Credit (office listings)
http://www.norcalfc.com/locations.html

Pacific Capital Companies
http://leasingnews.org//hwanted_pacificcap2.html

People's United Bank
https://www3.ultirecruit.com/PEO1003/JobBoard/ListJobs.aspx

PL Capital
http://www.plcapital.com/careers.asp

Prime Alliance Bank
http://www.primealliancebank.com/home/careers

Regions Bank
https://regions.taleo.net/careersection/2/jobsearch.ftl

Republic Financial
http://tbe.taleo.net/NA8/ats/careers/jobSearch.jsp

Sterling Bank
https://www.synovus.apply2jobs.com/ProfExt/index.cfm?fuseaction=m
External.showSearchInterface

Taycor Financial
http://www.taycor.com/about-taycor-financial/careers/

TCF Bank
https://tcfbank.taleo.net/careersection/corporate/jobsearch.ftl?lang=en

TD Bank
https://tderec.ijob.com/recruit/servlet/com.lawson.ijob.util.Login

US Bank 
(type position in blank space and/or state)
http://www.usbank.com/cgi_w/cfm/careers/careers.cfm

Wells Fargo
https://employment.wellsfargo.com/psp/PSEA/APPLICANT

Zions Bank
https://zionsbancorp.taleo.net/careersection/

 

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News Briefs----

Blue Bridge Financial plans move to Electric Tower
http://www.buffalonews.com/business/blue-bridge-financial-plans-move-to-electric-tower-20140607

2014 Railway Age Guide to Equipment Leasing
http://www.railwayage.com/index.php/finance-leasing/2014-railway-age-guide-to-equipment-leasing.html

Critics target $58M deal for Amtrak rail cars, should Have Leased them
http://www.detroitnews.com/article/20140608/POLITICS02/306080011/
Critics-target-58M-state-deal-Amtrak-rail-cars

World Bank Says China’s Growth Is on Track
http://www.nytimes.com/2014/06/07/business/international/world-bank-says-chinas-growth-is-on-track.html?_r=0 

Uber snags $1.2 billion in new funding; seen valued at $18 billion
http://www.chicagotribune.com/business/sns-rt-us-tech-uber-20140606,0,4974974.story

 

John Kenny 
Receivables Management

• End of Lease Negotiations & Enforcement
• Fraud Investigations
• Credit Investigations • Asset Searches 
• Skip-tracing • Third-party Commercial Collections

john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)


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--You May Have Missed It

Inside DiMaggio and Monroe’s twisted love
http://nypost.com/2014/06/08/inside-the-twisted-love-affair-of-joe-dimaggio-marilyn-monroe/




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SparkPeople--Live Healthier and Longer



Sweet Summer Treats ---Create Summer Recipes
http://recipes.sparkpeople.com/curated.asp?curated=1


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Baseball Poem

"I Dream of a Baseball Star"

by Gregory Corso

I dreamed Ted Williams
leaning at night
against the Eiffel Tower, weeping.  

He was in uniform
and his bat lay at his feet
-- knotted and twiggy.  

"Randall Jarrell says you're a poet!" I cried.
"So do I! I say you're a poet!"  

He picked up his bat with blown hands;
stood there astraddle as he would in the batter's box,
and laughed! flinging his schoolboy wrath
toward some invisible pitcher's mound
-- waiting the pitch all the way from heaven.  

It came; hundreds came! all afire!
He swung and swung and swung and connected not one
sinker curve hook or right-down-the middle. 

A hundred strikes! 

The umpire dressed in strange attire
thundered his judgment: YOU'RE OUT!
And the phantom crowd's horrific boo
dispersed the gargoyles from Notre Dame.  

And I screamed in my dream:
God! throw thy merciful pitch!
Herald the crack of bats!
Hooray the sharp liner to left! 

Yea the double, the triple! 

Hosannah the home run!



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Sports Briefs----

Rafael Nadal Wins French Open
http://www.nytimes.com/2014/06/09/sports/tennis/rafael-nadal-wins-french-open.html?_r=0

California Chrome co-owner lashes out again after Belmont loss
http://msn.foxsports.com/horse-racing/story/california-chrome-owner-steve-coburn-lashes-out-again-after-belmont-loss-060814


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California Nuts Briefs---

Bay Bridge’s troubled China connection
http://www.sacbee.com/static/sinclair/sinclair.jquery/baybridge/index.html




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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Lots for Auction Napa Valley range from lavish to lollapalooza
http://napavalleyregister.com/lifestyles/food-and-cooking/wine/lots-for-auction-napa-valley-range-from-lavish-to-lollapalooza/article_d419baee-fd3d-5993-b6e1-4f0592a14fb8.html

Hubert Keller Closing Fleur de Lys After 28 Years
http://sf.eater.com/archives/2014/06/05/
hubert_keller_closing_fleur_de_lys_after_28_years.php



Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm


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This Day in History

      1732-- Englishman James Oglethorpe received a royal charter to form the American colony of Georgia. It was to be a place of refuge for sectarian Protestant believers, persecuted in England.
    1772-The first naval attack in the Revolutionary War was made against the British revenue cutter Gaspee, commandeered by Lieutenant William Duddington, which ran aground while chasing the packet Hanna off Namquit Point, Providence, RI, in Narragansett Bay. During the night, merchant John Brown and number of others rowed out in eight longboats captained by Abraham Whipple, board the Gaspee, and set it on fire.
    1846- John Parker Hale of New Hampshire was elected a U.S. Senator, running on the first antislavery ticket. He switched from serving as a Democrat in the House of Representatives and ran as a Republican, starting the antislavery “ticket.”  He was the first U.S. Senator to make a stand
against slavery.
http://en.wikipedia.org/wiki/John_P._Hale
       1856- A band of 497 Mormons left Iowa City, Iowa, and began the more than 1,000-mile trek to Salt Lake City. Lewis and Clark in their report
said the land was fertile and a good place to live (they had mixed up
the area they traveled and their map was incorrect). The Mormons carried all their goods in about 100 two-wheeled handcarts, most of which were heaped with the maximum load of 400 to 500 pounds. Each family usually had one cart, and the father and mother took turns pulling while any children old enough helped by pushing. The handcart immigrants soon ran into serious problems. The Mormon craftsmen who had constructed the handcarts back in Iowa City had chosen to use wooden axles instead of iron in order to save time and money. Sand and dirt quickly wore down the wood, and water and heat made the axles splinter and crack. As the level terrain of the prairies gave way to the more rugged country of the Plains, the sheer physical challenge of hauling a 500-pound cart began to take its toll. One British immigrant who was a skilled carpenter wrote of having to make three coffins in as many days. Some of the pilgrims gave up. Two girls in one handcart group left to marry a pair of miners they met along the way. The majority, however, struggled on and eventually reached the Salt Lake Valley. Over the course of the next four years, some 3,000 Mormon converts made the overland journey by pushing and pulling heavy-laden handcarts. Better planning and the use of iron axles made the subsequent immigrations slightly easier than the first, and some actually made the journey more quickly than if they had used ox-drawn wagons. Still, once the church finances had recovered, Young's followers returned to using conventional wagons. The handcart treks remained nothing less than heroic. One Mormon girl later estimated that she and her family had each taken over a million steps to reach their goal, pushing and pulling a creaking wooden handcart the entire way.
http://www.lds.org/placestovisit/location/0,10634,1787-1-1-1,00.html
http://www.walmart.com/catalog/product.gsp?product_id=323397
http://www.xmission.com/~nelsonb/handcart.htm
      1856-Committee of Vigilance of San Francisco issued a proclamation which read in part: "All political, religious, and sectional differences and issues have given way to the paramount necessity of a thorough and fundamental reform and purification of the social and political body."
    1862-- Battle of Port Republic, last of 5 battles in Jacksons Valley camp, early Confederate victories by General "Stonewall" Jackson.
http://www.cr.nps.gov/hps/abpp/battles/va106.htm
http://www.cr.nps.gov/hps/ABPP/shenandoah/svs3-6.html
    1863-The largest cavalry battle of the war is fought at Brandy Station, Virginia. After the Confederate victory at Chancellorville in early May, Lee began to prepare for another invasion of the North by placing General J.E.B. Stuart's cavalry at Brandy Station, just east of Culpeper, to screen the rest of the Army of Northern Virginia as it started toward the Blue Ridge Mountains. Stuart used this time at Brandy Station to stage a grand parade in order to boost morale and show off his dashing troopers to local residents. Unbeknownst to Stuart, his pompous display was observed by uninvited Union cavalry and infantry under the command of General Alfred Pleasonton, who lurked across the Rappahannock. On June 9, Pleasonton struck the surprised Rebels in a two-pronged assault. After initially falling back, the Confederates eventually rallied, and the battle raged all day around St. James Church. The battle's key moment came when Union troops headed to seize Fleetwood Hill, an elevation from which the Yankees could shell the entire battlefield. Confederate Lieutenant John Carter struggled to mount a cannon on the hill and fired a single shot that stopped the Union troopers in their tracks. The Yankee officer leading the charge suspected the Confederates had a line of guns sitting just over the top of the hill, when in fact it was a single gun with barely enough powder for a single shot. Carter's heroic act saved the day for Stuart. The move bought time for the Confederates, and they held the hill. The battle continued until late afternoon, with many spectacular cavalry charges and saber fights in addition to hand-to-hand combat by dismounted cavalry. In the end, Stuart's forces held the field. Although it was technically a Rebel victory, the battle demonstrated how far the Union cavalry had come since the beginning of the war. Stuart's cavalry had been the master of their Union counterparts, but its invincibility was shattered on that muggy Virginia day.  [The city of Pleasanton, CA is named for General Pleasonton. http://www.pleasanton.org/history-of-pleasanton.html]
http://www.nps.gov/frsp/brandy.htm
http://americancivilwar.com/brandy_station.html
http://www.americancivilwar.com/statepic/va/va035.html
   1887- Gertrude Agnes Muller birthday, U.S. businesswoman and inventor. Her widowed mother ran a boarding house and sold her homemade doughnuts to support the family. She also was an inventor, primarily for children products, such as the “toidey seat," and other such products, including being the first to develop a child safety seat for automobiles
    1891-Cole Porter's birthday. Each day we celebrate life with the birthday of a notable musician, artist or American. The purpose is to celebrate life and a birthday is the perfect day to do so. An excellent book is available at amazon.com,  titled “Cole Porter: A Biography” by William McBrien. You will find my review of this book along with others on Amazon.com. Porter published his first song,” The Boblink Waltz” at the age of 10. His career as a composer and lyricist for Broadway was launched in 1928 when five of his songs were used in the musical play, “Let’s Do It.” His prolific contributions to the Broadway stage included “Fifty Million Frenchmen”, “Wake up and Dream”, “The Gay Divorcee”, “Anything Goes”, “Leave It To Me”, “Du Barry was a Lady”, “Something for the Boys”, “Kiss Me Kate”, “Can Can” and “Silk Stockings”. Both of Porter's legs were crushed in a horseback riding accident in 1937, and he became a semi-invalid thereafter. Porter was born at Peru, IN, and died at Santa Monica, October 15, 1964. 
http://en.wikipedia.org/wiki/Cole_porter
    1894 -- American Railway Union convenes in Chicago, representing 465 local unions and a claimed membership of 15,000. On the 26th they call a sympathy strike for Pullman workers.
http://ehistory.osu.edu/osu/mmh/1912/content/eventsofpullmanstrike.cfm    1899 - James J. Jeffries scored an 11th-round knockout against "Sunny" Bob Fitzsimmons at Coney Island, New York. Jeffries became heavyweight boxing champ as a result. 
    1899---Kate Chopin’s book “The Awakening” is published. Way ahead of her time, she created the unforgettable character Edna Pontellier, the married woman who sought her own sexual and emotional identity.
http://www.dailycelebrations.com/060901.htm
    1908 – Birthday of American actor Robert Cummings, born Charles Clarence Robert Orville Cummings at Joplin, MO.  His best known role was in the film “Dial M for Murder”, 1954.  He won an Emmy for his role in the television version of “Twelve Angry Men”, 1954,” but is perhaps best remembered for his very popular TV comedy series, “The Bob Cummings Show”, which ran from 1955 to 1959.  He died December 2, 1990, at Woodland Hills, Ca.
    1909-The trip that changed women's attitude towards automobiles from “Woman of Achievement and History:”  Alice Huyler Ramsey, 22, with three women friends as passengers got behind the wheel of a topless motor car in New York City and headed west. Predicted to turn for home within days, the women sped across the U.S. to San Francisco in 41 days and proved that women could drive "just like a man." The new Maxwell Ramsey drove could hit 40 on the few good roads there were. Most of the "roads" were nothing more than rutted wagon trails.  Sponsored by the Maxwell Company, the women's trip was well publicized. Ramsey did all the repair work herself like changing sparkplugs and fixing flats. The women "passengers" were called a working crew by Ramsey. AHR drove cross country almost 70 more times, doing it once a year until her death at 96. She held a valid driver's license. In accepting an AAA award for her part in proving that "automobiles are here to stay rugged and dependable enough to commend any man's respect, gentle enough for the daintiest lady," AHR included herself among "the great women drivers who were convinced we could drive as well as most men." A 1909 "in town" race of women drivers show the cars and the race conditions in cities. But outside the cities, there were virtually no roads - just wagon trails. For years many women were afraid to drive because it infringed on the male prerogative. Men were men and could not be expected to trust a woman behind the wheel of a car. Most women chose not to challenge for the driver's seat since it made the man look less virile. Another reason was that a woman behind the wheel of a car caused rampant road rage as men deliberately crashed into the cars driven by women to teach them not to challenge men's rights.
    1915-Les Paul, one of the most influential guitarists in popular music history, was born in Waukesha, Wisconsin. With his wife Mary Ford, he had a string of hits in the late 1940's and early '50s. Among them were "Mockin' Bird Hill," "How High the Moon" and "The World is Waiting for the Sunrise." These recordings were among the earliest to use multitracking. Les Paul designed guitars which were marketed by the Gibson Company, and became the favorites of pop, rock and country musicians. Paul also built the first eight-track tape recorder, which helped pioneer multitrack recording. And he invented "sound-on-sound" recording, which has since become known as overdubbing.
http://www.lespaulonline.com/bio.html
    1924 - Jelly Roll Morton and his band recorded "Jelly-Roll Blues" for General Records.
    1934- Donald Duck makes his first film appearance, in “The Wise Little Hen”, a short by Walt Disney. Donald, along with Mickey Mouse (who debuted in 1928), would become one of Disney's most beloved characters. Donald's popularity also led to other characters in the Duck family, including Daisy Duck, Uncle Scrooge, and nephews Huey, Dewey, and Louey.
    1934--Soul singer Jackie Wilson was born in Detroit. He got his first big break when he replaced Clyde McPhatter as lead singer of the Dominoes. Wilson later developed into one of the premier black vocalists, beginning in the late 1950s. His string of hits included "Higher and Higher," "Lonely Teardrops" and "Baby Workout." In September, 1975, he collapsed on stage in Cherry Hill, New Jersey. He remained in a coma until his death on January 21st, 1984.   All of Wilson’s expenses from the collapse until his death were funded by Dick Clark.
    1934—Birthday of comedian Jackie Mason, born Yacov Moshe Maza at Sheboygan, WQI.
    1943—FDR introduces “Withholding tax” on payroll; popularly known as the "Pay As You Go Tax," allowed Americans to taxpayers to withhold federal income taxes before getting paid their wages or salaries. It also was a major cash boon for the government, especially for the wartime economy.
    1944—Top Hits
“Long Ago and Far Away” - Helen Forrest & Dick Haymes
“I’ll Get By” - The Harry James Orchestra (vocal: Dick Haymes)
“I’ll Be Seeing You” - Bing Crosby
“Straighten Up and Fly Right” - King Cole Trio
     1944 – On the right flank of the invasion beaches, elements of the US 7th Corps capture Azeville in its northward drive toward Cherbourg. Other elements are moving west toward Carentan. The US 5th Corps, from Omaha beach, capture Trevieres. The British and Canadian forces of the British 2nd Army are heavily engaged by growing German reserves around Caen. Allied aircraft are now operating from forward landing strips in France.
     1944 – Forces of the US 5th Army capture Tarquinia, Viterbo and Vetrella. Elements of British 8th Army advance toward Terni and Orvieto. A small amphibious force lands at Santo Stefano. Meanwhile, there is a substantial reorganization of Allied forces. Elements of British 10th and 13th Corps are regrouped while elements of the US 6th Corps, mostly, are withdrawn from the line for the invasion of southern France.
   1944--Medal of Honor GANDARA, JOE
Rank and Organization: Private.  U.S. Army. Company D, 2d Battalion. 507th Parachute Infantry Regiment.  Place and Date: June 9, 1944, Amfreville, France.  Born: April 25, 1924, Santa Monica, CA.  Departed: Yes (06/09/1944).  Entered Service At: Los Angeles, CA.  G.O. Number:   Date of Issue: 03/18/2014.  Accredited To:   Citation:  Gandara is being recognized for his heroic actions on June 9, 1944, in Amfreville, France. His detachment came under devastating enemy fire from a strong German force, pinning the men to the ground for a period of four hours. Gandara advanced voluntarily and alone toward the enemy position and destroyed three hostile machine-guns before he was fatally wounded.
     1945 – Japanese Premier Kantaro Suzuki declared that Japan will fight to the last rather than accept unconditional surrender.
    1946--DEGLOPPER, CHARLES N. Medal of Honor
Rank and organization: Private First Class, U.S. Army, Co. C, 325th Glider Infantry, 82d Airborne Division. Place and date: Merderet River at la Fiere, France, 9 June 1944. Entered service at: Grand Island, N.Y. Birth: Grand Island, N.Y. G.O. No.: 22, 28 February 1946. Citation: He was a member of Company C, 325th Glider Infantry, on 9 June 1944 advancing with the forward platoon to secure a bridgehead across the Merderet River at La Fiere, France. At dawn the platoon had penetrated an outer line of machineguns and riflemen, but in so doing had become cut off from the rest of the company. Vastly superior forces began a decimation of the stricken unit and put in motion a flanking maneuver which would have completely exposed the American platoon in a shallow roadside ditch where it had taken cover. Detecting this danger, Pfc. DeGlopper volunteered to support his comrades by fire from his automatic rifle while they attempted a withdrawal through a break in a hedgerow 40 yards to the rear. Scorning a concentration of enemy automatic weapons and rifle fire, he walked from the ditch onto the road in full view of the Germans, and sprayed the hostile positions with assault fire. He was wounded, but he continued firing. Struck again, he started to fall; and yet his grim determination and valiant fighting spirit could not be broken. Kneeling in the roadway, weakened by his grievous wounds, he leveled his heavy weapon against the enemy and fired burst after burst until killed outright. He was successful in drawing the enemy action away from his fellow soldiers, who continued the fight from a more advantageous position and established the first bridgehead over the Merderet. In the area where he made his intrepid stand his comrades later found the ground strewn with dead Germans and many machineguns and automatic weapons which he had knocked out of action. Pfc. DeGlopper's gallant sacrifice and unflinching heroism while facing unsurmountable odds were in great measure responsible for a highly important tactical victory in the Normandy Campaign.
    1946 - Mel Ott of the New York Giants had the honor of becoming the first manager to be ejected from both games of a doubleheader. 
    1948 – Israel became a state and was immediately attacked by her Arab neighbors. About 150,000 Arabs remained in Israel after the founding. Most others fled or were forced out.
    1952—Top Hits
“Kiss of Fire” - Georgia Gibbs
“Blue Tango” - The Leroy Anderson Orchestra
“Be Anything” - Eddy Howard
“The Wild Side of Life” - Hank Thompson
    1953 - Touching down far east of traditional tornado alley, a devastating tornado, at least of F4 intensity, tore through Worcester County, Massachusetts and killed 90 people and injured 1288. The northern part of the city of Worcester suffered extreme damage. Property damage exceeded 52 million dollars which until then was a record high for a single tornado. 4000 buildings were damaged or destroyed. spawned by a classic supercell thunderstorm with tops at 60,000 feet, this tornado was and still is the worst tornadic event in history of New England.
    1954 - Army counsel Joseph N. Welch asked Sen. Joseph R. McCarthy, "Have you no sense of decency, sir?" during the Senate-Army Hearings. The audience of citizens and newspaper and television reporters burst into wild applause. Just a week later, the hearings into the Army came to a close. McCarthy, exposed as a reckless bully, was officially condemned by the U.S. Senate for contempt against his colleagues in December 1954. During the next two- and-a-half years McCarthy spiraled into alcoholism. Still in office, he died in 1957. http://www.nytimes.com/learning/general/onthisday/big/0609.html
    1956- Bestselling crime novelist Patricia Cornwall, creator of crime- solving medical examiner Kay Scarpetta, was born at Miami, Florida. Hoping to become a crime novelist, Cornwall spent six years studying forensic science and working at the morgue. She wrote three novels between 1984 and 1988, all featuring a dashing, adventurous, and poetic detective hero, with a minor medical- examiner character named Kay Scarpetta. An editor advised Cornwall to focus on Scarpetta and to write grittier fiction based on everyday crime situations faced by the morgue. Cornwall wrote “Postmortem”, which was finally accepted by Scribner's after seven other publishers rejected it. The novel won five major mystery awards that year and sold hundreds of thousands of copies in paperback. Cornwall's subsequent Scarpetta novels, including “Cruel and Unusual” (1993) and “Cause of Death” (1996), sold in the millions and have been translated into 22 languages, earning her multimillion-dollar advances.
    1958-Jerry Lee Lewis and his producer Sam Phillips take out a full page ad in Billboard Magazine to explain his second divorce and third marriage to his 14 year old second cousin Myra. It doesn't help.
    1958 - Johnny Mathis' LP, “Johnny's Greatest Hits”  hits #1
    1958-Sheb Wooley hit the top of the Billboard chart with a novelty song called "The Purple People Eater". When he first sang the tune for MGM executives, Sheb said he was scraping the "bottom of the barrel", but the brass loved the song and wanted to release it. Three weeks after it hit store shelves, it was the number one record in the US and would start a merchandising craze that included hats, T-shirts and even ice cream.
    1958-- Still angry that his employers refuse to back him in his defense of recent charges of inciting a riot at a Boston show, DJ Alan Freed quits New York radio station WINS, claiming they refused to "stand by my policies and principles." The same day, Freed debuts his new package tour in Hershey, PA, starring Chuck Berry, Buddy Holly, Jerry Lee Lewis, Frankie Lymon and the Teenagers, Danny and the Juniors, Screamin' Jay Hawkins, Larry Williams, and the Chantels.
    1959-A sixteen-year-old singer named Wayne Newton, long ridiculed for his girlish voice, begins a two-week engagement at Las Vegas' Fremont Hotel, and proves so popular that he would headline at the location for over three years. He would go on to earn $20 million annually.
    1959 - Bobby Darin plays his first Las Vegas gig at the Sahara, opening for comedian George Burns.
    1960—Top Hits
“Cathy’s Clown” - The Everly Brothers
“Burning Bridges” - Jack Scott
Paper Roses - Anita Bryant
“Please Help Me, I’m Falling” - Hank Locklin
    1961-Birthday of actor Michael J. Fox, Edmonton, AB, Canada.
    1962 - Tony Bennett made his debut at Carnegie Hall in New York City ten years after making his first hit song, "Because of You."  It was a move designed by promoter Sid Bernstein to revive the crooner's career. With the subsequent release of the single "I Left My Heart in San Francisco," it does just that.
    1963---Birthday of actor Johnny Depp, born Owensboro, KY. Best known for “Pirates of the Caribbean (several films),” “The Long Ranger,” “Alice in Wonderland,” “Sweeney Todd,” “Edward Scissorhands.”
    1964- Louis Armstrong's "Hello, Dolly!" hits #1 
    1964 – In reply to a formal question submitted by President Lyndon B. Johnson–”Would the rest of Southeast Asia necessarily fall if Laos and South Vietnam came under North Vietnamese control?”–the Central Intelligence Agency (CIA) submits a memo that effectively challenges the “domino theory” backbone of the Johnson administration policies. This theory contended that if South Vietnam fell to the communists, the rest of Southeast Asia would also fall “like dominoes,” and the theory had been used to justify much of the Vietnam War effort. The CIA concluded that Cambodia was probably the only nation in the area that would immediately fall. “Furthermore,” the report said, “a continuation of the spread of communism in the area would not be inexorable, and any spread which did occur would take time–time in which the total situation might change in any number of ways unfavorable to the communist cause.” The CIA report concluded that if South Vietnam and Laos also fell, it “would be profoundly damaging to the U.S. position in the Far East,” but Pacific bases and allies such as the Philippines and Japan would still wield enough power to deter China and North Vietnam from any further aggression or expansion. President Johnson appears to have ignored the CIA analysis–he eventually committed over 500,000 American troops to the war in an effort to block the spread of communism to South Vietnam.    1966 -Hurricane Alma made landfall over the eastern Florida panhandle -- the earliest landfalling hurricane on the U.S. mainland on record.
   1966 - Elvis Presley's 21st movie, a retread of “Blue Hawaii” called “Paradise, Hawaiian Style”, is given a sneak preview in The King's hometown of Memphis before its official release a few weeks later.
   1967---McGONAGLE, WILLIAM L. Medal of Honor
Rank and organization: Captain (then Comdr.) U.S. Navy, U.S.S. Liberty (AGTR-5). place and date: International waters, Eastern Mediterranean, 8-9 June 1967. Entered service at: Thermal, Calif. Born: 19 November 1925, Wichita, Kans. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. Sailing in international waters, the Liberty was attacked without warning by jet fighter aircraft and motor torpedo boats which inflicted many casualties among the crew and caused extreme damage to the ship. Although severely wounded during the first air attack, Capt. McGonagle remained at his battle station on the badly damaged bridge and, with full knowledge of the seriousness of his wounds, subordinated his own welfare to the safety and survival of his command. Steadfastly refusing any treatment which would take him away from his post, he calmly continued to exercise firm command of his ship. Despite continuous exposure to fire, he maneuvered his ship, directed its defense, supervised the control of flooding and fire, and saw to the care of the casualties. Capt. McGonagle's extraordinary valor under these conditions inspired the surviving members of the Liberty's crew, many of them seriously wounded, to heroic efforts to overcome the battle damage and keep the ship afloat. Subsequent to the attack, although in great pain and weak from the loss of blood, Captain McGonagle remained at his battle station and continued to command his ship for more than 17 hours. It was only after rendezvous with a U.S. destroyer that he relinquished personal control of the Liberty and permitted himself to be removed from the bridge. Even then, he refused much needed medical attention until convinced that the seriously wounded among his crew had been treated. Capt. McGonagle's superb professionalism, courageous fighting spirit, and valiant leadership saved his ship and many lives. His actions sustain and enhance the finest traditions of the U.S. Naval Service. (Captain McGonagle earned the Medal of Honor for actions that took place in international waters in the Eastern Mediterranean rather than in Vietnam.)
    1968—Top Hits
“Mrs. Robinson” - Simon & Garfunkel
“Tighten Up” - Archie Bell & The Drells
“This Guy’s in Love with You” - Herb Alpert
“Honey” - Bobby Goldsboro
    1969 - The U.S. Senate confirmed Warren Burger to be the new Chief Justice of the United States, succeeding Earl Warren. 
    1970- The Guess Who's "American Woman" hits #1
    1970- Anna Mae Hays and Elizabeth P. Hoisington become the first women in U. S. military history to reach the rank of brigadier general. On 06-17-1971, Jeanne M. Holm was promoted to brigadier general in the U.S. Air Force, the first woman to gain that rank in the Air Force. In 1973, Holm is promoted to major general.
    1972 -Thunderstorms dumped up to 14 inches of rain in about 4 hours on the east slopes of northern Black Hills in South Dakota. Severe flash flooding resulted, especially in the Rapid City area. The make matters worse, the Canyon Lake Dam collapsed sending a wall of water through the city. 238 people were killed and 2932 were injured. Total damage exceeded $150 million.
   1972 - John Hammond's latest discovery, Bruce Springsteen, signs with him at Columbia; ten album contract. Bruce immediately begins to put together his famous E Street Band from the sidemen in his various Asbury Park, NJ bar bands.  His first LP, "Greetings from Asbury Park, New Jersey," appeared the following January.
   1972 - Elvis Presley begins the first of an unprecedented four sold-out shows at Madison Square Garden, his first-ever New York City concert. Two Beatles were in attendance -- George and John -- as well as Bob Dylan, David Bowie, and Art Garfunkel. Selections from the shows eventually made up the album, “Elvis: As Recorded At Madison Square Garden”.
    1973 - Secretariat won the Belmont Stakes, becoming the first American Triple Crown winner in 25 years.
    1974- Bruce Springsteen gives the most important performance of his career, opening for Bonnie Raitt at her Boston Arena show. Playing his full two-hour set at Raitt's insistence, Bruce delivers a show so impressive that Rolling Stone's Jon Landau later wrote in Boston's The Real Paper, "I saw rock and roll future, and its name is Bruce Springsteen. And on a night when I needed to feel young, he made me feel like I was hearing music for the very first time." Landau would later become Springsteen's manager and producer. 
    1975 - Tony Orlando and Dawn received a gold record for their hit song "He Don’t Love You (Like I Love You)". The album sold a million copies, and was number one for three weeks from May 3 to 17, 1975. It was also one of five million copy sellers for the trio. "He Don’t Love You" was a remake of a hit Jerry Butler crooned in 1960.
    1976—Top Hits
“Love Hangover” - Diana Ross
“Silly Love Songs” - Wings
“Get Up and Boogie (That’s Right)” - Silver Convention
“One Piece at a Time” - Johnny Cash
    1977 - No. 1 Billboard Pop Hit: "I'm Your Boogie Man," KC & the Sunshine Band.
    1978 - Leaders of the Church of Jesus Christ of Latter-day Saints struck down a 148-year-old policy of excluding black men from the Mormon priesthood. 
    1980 - Comedian and actor Richard Pryor suffered almost fatal burns at his San Fernando Valley, California home when a mixture of "free-base" cocaine exploded and set him on fire. Near death, he convalesced at Sherman Oaks Community Hospital Burn Center. 
    1981-Xerox is the first with a personal computer for the office: Xerox 820. Basically a word processor, it retailed for $3,000, had two disk drives and a monitor displaying twenty- four lines of 80-character type.
http://www.geocities.com/SiliconValley/Peaks/9595/xerox.html
    1983 - Kansas City Chiefs running back Joe Delaney tragically drowned while trying to save three children from drowning in Monroe, Louisiana. Two of the children perished, but one made it to safety. A few weeks later, Pres. Reagan posthumously awarded Delaney the Presidential Citizens Medal. 
    1984—Top Hits
“Time After Time” - Cyndi Lauper
“Oh Sherrie” - Steve Perry
“The Reflex” - Duran Duran
“Someday When Things are Good” - Merle Haggard
    1985 - American educator Thomas Sutherland was kidnapped in Lebanon, and he was released in November 1991 along with fellow hostage Terry Waite.
    1985 - The Los Angeles Lakers narrowly beat the Boston Celtics, 111-100, to win their first National Basketball Association title in nine tries against the Celtics. Since 1959, when they were based in Minneapolis, Minnesota, the Lakers had been shut out of the championship series. The most-valuable-player for the winning Lakers was Kareem Abdul-Jabbar.
    1986 - Bob Dylan began his first US tour in five years with a concert in San Diego. Billed as the "True Confessions Tour," the series of performances also included Tom Petty and the Heartbreakers.
    1987 - No. 1 Billboard Pop Hit: "Always," Atlantic Starr.
    1987 - Thunderstorms in the northeastern U.S. produced large hail and damaging winds in Vermont injuring two persons. Thunderstorms in Ohio produced wind gusts to 75 mph near Akron, and deluged Pittsfield with two inches of rain in thirty minutes.
    1989-- Mets outfielder Darryl Strawberry hits his 200th career home run in a ten-inning, 4-3, loss to the Pirates.
    1989 - Thunderstorms produced severe weather over the Central Gulf Coast Region during the day and evening. Severe thunderstorms spawned 17 tornadoes, including one which injured ten persons and caused a million dollars damage at Orange Beach, AL. Thunderstorm winds gusting to 90 mph killed three persons and injured four others at Mobile AL. Thunderstorms also deluged Walnut Hill and Avalon Beach, FL, with eight inches of rain.
1989 "Star Trek V" premiers; "The Final Frontier"
http://www.imdb.com/title/tt0098382/
http://www.amazon.com/gp/product/6305350205/002-5217827-1679236?v=glance&n=130
    1990 -San Diego, California set a new record rainfall amount on this date. 0.38 inches of rain fell breaking the old record of 0.13 inches established in 1892. Moisture from the remains of Hurricane Boris was responsible for this rare rain event.
    1990 - 25 years to the day after their father Brian and his band, The Beach Boys, hold the No. 1 spot for "Help Me Rhonda," Carnie and Wendy Wilson's trio Wilson Phillips (with Chynna Phillips) move into the No. 1 spot on the Billboard Hot 100 with their single "Hold On."
    1993—Top Hits
“That's The Way Love Goes”-- Janet Jackson
“Freak Me”- Silk 
“Knockin Da Boots” - H-Town
“Weak”- SWV
    1993 – “What's Love Got to Do With It?,” a film about singer Tina Turner and how she rose to rock stardom with her abusive husband Ike Turner, opened in U.S. theaters. The film was well received, and the stars, Angela Bassett and Laurence Fishburne, were both nominated for Oscars. Bassett won a Best Actress Golden Globe for her electrifying performance as Tina.
    1993 - The US Postal Service introduces a new series of stamps called "Legends Of American Music," its first to feature rock and R&B stars, featuring Elvis Presley, Buddy Holly, Otis Redding, Bill Haley, Clyde McPhatter, Ritchie Valens, and Dinah Washington.
    1996-In San Francisco, basic rent has climbed to $1300 a month for a 2 bedroom apartment. 70% of SF residents rent and the vacancy rate is under 2%. June, 2009: Average rent for 2 bedroom apartment in is $2,500. Two-thirds of S. F. residents rent and the vacancy rate is 4.5%. June, 2014: Average one bedroom, $2,800; two bedrooms, $3,875; three bedrooms, $4,750 (average, not prime areas). http://sfist.com/2013/07/19/another_sf_rent_map.php
    1998-Top Hits
“The Boy Is Mine” - Brandy
“Too Close”- Next 
“You’re Still The One”- Shania Twain 
“My All”- Mariah Carey 
    1999 - Ricky Martin's self-titled album was certified multi-platinum on this date.
    1999 --After being ejected in the 12th inning by plate umpire Randy Marsh for arguing a catcher's interference call, Bobby Valentine returns to the dugout with a fake mustache and glasses. The National League will suspend the Mets' manager for two games and fine him for using the disguise.
    2000 - Boyz II Men release to radio stations "Pass You By," their first new single in more than three years.
    2008 - Ken Griffey, Jr. becomes the sixth player in major league history to hit 600 career home runs. With a runner on third, Junior goes deep in the first inning on a 3-1 pitch thrown by Marlins' moundsman Mark Hendrickson in the Reds' 9-4 victory at Dolphin Stadium.
    2009-The Librarian of Congress announced that twenty-five culturally significant recordings, including "Tom Dooley" by The Kingston Trio, "Rumble" by Link Wray and "My Generation" by The Who, will be preserved in a special sound archive in the National Recording Registry.
    2013----Elton John was targeted by anti-gay campaigners in Russia who demanded that he tone down his colorful wardrobe and wear "more respectable" clothing for his concert there next month.

NBA Finals Champions This Date

1985 - Los Angeles Lakers

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